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586 Athol Ave Oakland, CA 94606

4 Beds 3 Baths 3,309 sqft Built 1929

$1,397,000

List Price

$4,940

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1929
  • Price/Sqft : $422.18
  • 3 Days on Market
  • MLS # : EB40929257
  • Updated Date : 11/14/2020 at 03:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,309 sqft
  • Baths : 3 full
Listing Agent

The Grubb Company

Listing Agent's Description

Mediterranean retreat in the heart of Cleveland Heights! Lovingly updated with discerning taste and style, this 4 bed 3 bath home is impeccable inside and out. From the carefully selected antique and Restoration Hardware lights and high end plumbing fixtures, to the custom double paned wood windows and smart technology throughout, no expense was spared in bringing this home to a shining gem. The backyard is lush and fruitful with a hot tub and firepit deck that beckon year round enjoyment. The kitchen itself is a work of art, with two Redwood islands, Concerto countertops, Tabarka Studios backsplash, custom cabinetry, and SS high performance appliances. Among the 3 main floor bedrooms, the sun washed primary suite features a recently renovated magazine worthy spa bath, with custom walk in closet! Spacious media room off the kitchen, and don't miss the gorgeous finished attic/flex space. Lower level makes a great in-law or income producing unit, with 4th bed, full bath and kitchenette!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cleveland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cleveland Heights

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000320034003600380040004200Rent in $12584211

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$1,257,300$1,536,700$1,397,000

PURCHASE PRICE

$4,446$5,434$4,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,940
EXPENSES Loan Payment -$5,154
Property Tax -$1,700
Property Insurance -$107
Property Management Fees -$242
CASH FLOW
-$2,263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,397,000

PROJECTED PRICE

$4,940

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,955

INVESTMENT

$375,955

Down Payment
$349,250
Rehab Estimate
$5,750
Closing Costs
$20,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,154

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,250
Loan Amount $1,047,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$261

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $6,717

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,500
$6,500
RENT COMPS ANALYSIS
  • 586 Athol Ave Oakland, CA 1
    • 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 1929 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 1929
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 230 Sandringham Rd Piedmont, CA 2
    • 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 1935 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 1935
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.03
    •  
PROPERTY LISTING DETAILS
Tiffany Lefour
The Grubb Company
BESbswy